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we've got aetna's ceo coming up next. >>> and also just what our economy needs right now. just how will harsh weather impact your money as we wrap up the year? we'll break it all down for you right here on cnbc. cnbc. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime. tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 all this with no trade minimums. tdd#: 1-800-345-2550 and only $8.95 a trade. tdd#: 1-800-345-2550 open an account with a $50,000 deposit, tdd#: 1-800-345-2550 and get 6 months commission-free trades. tdd#: 1-800-345-2550 call 1-866-294-5412. your doctor will say get smart about your weight. that's why there's glucerna hunger smart shakes. they
we've got aetna's ceo coming up next. >>> and also just what our economy needs right now. just how will harsh weather impact your money as we wrap up the year? we'll break it all down for you right here on cnbc. cnbc. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i...
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Dec 27, 2012
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care, am i right on that? >> you're right. if you look at it, incomes are really going to go back to where they were during the meltdown. the american economy will not have moved forward for many households. >> and the payroll tax holiday will end automatically. an immediate 2% cut to disposable take home pay. thank you, michelle? >> you say sequester, i say sequester. let's call it all off. >> the dow is trying to hold onto the 13,000 level. let's see if it can hold by 113 points. 13.79 as it grows increasingly clear that they may not, probably cannot get it done. hamilt hampton pearson is here. >> we're down to, if you will, coffee cup politics. two simple words, rise above, on coffee cups and on cups of coffee at all 120 starbucks locations here in the washington area urging lawmakers and the white house to do something with these final days to get some sort of deal. about 500 cups of coffee on what is arguably a slow day just to get that message out, and what we're really finding in talking and spending a
care, am i right on that? >> you're right. if you look at it, incomes are really going to go back to where they were during the meltdown. the american economy will not have moved forward for many households. >> and the payroll tax holiday will end automatically. an immediate 2% cut to disposable take home pay. thank you, michelle? >> you say sequester, i say sequester. let's call it all off. >> the dow is trying to hold onto the 13,000 level. let's see if it can hold by...
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Dec 31, 2012
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>> all right, steve. will do. we are still awaiting president obama to see how things are taking shape on parts of the deal for washington. back in two minutes. sfls welcome back to prounch. in just a few moments the president will take to the foed poed yum there to talk about the fiscal cliff negotiations. john, you have outlined what we believe are some of the components of this possible deal. given what you know, which side gave more at this point? >> i think everybody is giving. look, the president wanted, and democrats wanted, having campaigned on it, $250,000 threshold for family income for the return to the clinton jer gentleman tafrm rates of 39.6. republicans didn't want tax increases on anybody. democrats wanted more on estate tax. they are getting it. not as much as the president proposed in his budget. so the magic of these deals is that everybody can describe something as victory. and if we get it, if democrats ultimately can come to an accord with republicans on the length of the deferral of the auto
>> all right, steve. will do. we are still awaiting president obama to see how things are taking shape on parts of the deal for washington. back in two minutes. sfls welcome back to prounch. in just a few moments the president will take to the foed poed yum there to talk about the fiscal cliff negotiations. john, you have outlined what we believe are some of the components of this possible deal. given what you know, which side gave more at this point? >> i think everybody is giving....
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Dec 26, 2012
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>> you know how you said -- >> right. >> you have to take -- >> right. >> instigating? >> i don't know what we got. >>> in global news, the obama administration is formally proposing a controversial sale of advanced spy drones to south korea. they've requested a possible $1.2 billion purchase of four northrup grumnot rq4 global hawk remotely piloted aircraft with enhanced surveillance capabilities. >> cool. >> that's what i asked for. didn't even get one. they want four. >>> and egypt has banned traveler from carrying more than $10,000 in foreign currency in or out of the country. officials worried about pressure on its pound currency. and a rush by egyptians to wow savings from banks. >>> and dock workers that we talked at four pacific northwest ports have moved closer to a possible labor clash with grain shippers. meantime, the parties in a larger separate dispute at 15 east and gulf coast ports have agreed to mediation. the ports face a strike deadline set for december 30. >>> and a new jersey pension fund is suing the nyse euro next or its proposed $ 8.2 billion sal
>> you know how you said -- >> right. >> you have to take -- >> right. >> instigating? >> i don't know what we got. >>> in global news, the obama administration is formally proposing a controversial sale of advanced spy drones to south korea. they've requested a possible $1.2 billion purchase of four northrup grumnot rq4 global hawk remotely piloted aircraft with enhanced surveillance capabilities. >> cool. >> that's what i asked for....
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. >> you're kind of a republican, right? william ross -- >> sort of. >> do you feel like the republicans have sort of been played pretty effectively by the obama administration? >> sure, they can't win -- >> because look at it. here's geithner again. and i think he slipped. but, i don't know if he wanted to let everyone know. but here's steve liesman and tim geithner. >> is the administration prepared to go over the fiscal cliff? >> oh, absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealth yers americans. remember it's only 2 percent. remember all those americans, too, get a tax cut under that framework on the first $250,000 of their income. in some sense it's a tax cut for all americans. >> so i don't know whether -- i mean there wasn't much of a pause there. >> there was no pause. >> there was no pause there. and all along, i've thought it might be in the obama administration's best interest to go over, so that then they could -- but that makes me and p
. >> you're kind of a republican, right? william ross -- >> sort of. >> do you feel like the republicans have sort of been played pretty effectively by the obama administration? >> sure, they can't win -- >> because look at it. here's geithner again. and i think he slipped. but, i don't know if he wanted to let everyone know. but here's steve liesman and tim geithner. >> is the administration prepared to go over the fiscal cliff? >> oh, absolutely....
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Dec 28, 2012
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>> i think we'll probably see 20% for both not counting the obama care. >> is that the right answer? >> well, i'd like to keep them as low as possible. but given that they're going to need to raise some money, my guess is they're going to go up modestly. i think 20 is probably about right. it's a better answer than ordinary income rates on dividends. but i'd like to ask tom, you know, people who point to the dividend effect also think it might be overblown because about 70% of dividend paying stocks are owned by investors, either foreigners, or in tax -- you know, tax exempt plans, retirement accounts, where tax rate doesn't matter. does that make you feel a little bit better about what might be going on in washington? >> no. look, we know that the deal in washington must involve reducing costs. we've got to be flexible on revenues. but we've got to be for growth. when you think about tax policy with respect to growth capital, why in the world do you want to create artificial incentives for -- artificial disincentives to create capital information. why do you want a tax growth? that'
>> i think we'll probably see 20% for both not counting the obama care. >> is that the right answer? >> well, i'd like to keep them as low as possible. but given that they're going to need to raise some money, my guess is they're going to go up modestly. i think 20 is probably about right. it's a better answer than ordinary income rates on dividends. but i'd like to ask tom, you know, people who point to the dividend effect also think it might be overblown because about 70% of...
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Dec 31, 2012
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social security. >> right. >> your party's nominee last year ran against obama -- or in this campaign ran against obama for cutting medicare. what are the specific entitlement savings that you guys want to enact? because that's your ask of obama. he's told you what taxes he wants to raise. >> i've got a whole list of them. i mean, certainly starting with chain cpi, but the age, the copay, means testing. >> he's agreed to that. >> betting on competitive situation in between medicare manage and deeper service without any cap i mean it adds up to about a trillion dollars. and when you have a situation where americans are paying one-third of the cost of medicare, i don't think people realize that, but literally people are paying one-third of the cost of medicare, we have 20 million more americans coming on medicare over the next decade, i mean it's a time bomb. >> i agree with you it's a time bomb. but remember that the -- the standing document for republican boldness is the ryan budget. you get credit for that. he did not have ten-year savings on medicare and social security. >> and i do
social security. >> right. >> your party's nominee last year ran against obama -- or in this campaign ran against obama for cutting medicare. what are the specific entitlement savings that you guys want to enact? because that's your ask of obama. he's told you what taxes he wants to raise. >> i've got a whole list of them. i mean, certainly starting with chain cpi, but the age, the copay, means testing. >> he's agreed to that. >> betting on competitive situation in...
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obama returning from holiday early? is he a man that this is irrelevant? and the market has a bit [ inaudible ] >> couldinged market is not reading this right, could be the president is coming back for strictly symbolic purposes and don't, in fact, get a deal going into new year's eve. we just don't know at this point. and there's a lot riding on this, on advice yowly, that we can't see from here how we are going to get this deal by monday, what's going to be required is these guys are going to have to come to a deal behind closed doors and announce it publicly, it is going to have to survive the vetting it gets publicly and then it's going to have the votes in both the house and the senate, which are very different bodies, one controlled by republican, the other controlled by democrats and that's going to be a very dicy thing to do but it's going to be a moment of high drama if we get a between now and monday. >> his point about proceed yours is a good one. the president spoke to the business roundtable the other day as you recall, eamon, even if you got
obama returning from holiday early? is he a man that this is irrelevant? and the market has a bit [ inaudible ] >> couldinged market is not reading this right, could be the president is coming back for strictly symbolic purposes and don't, in fact, get a deal going into new year's eve. we just don't know at this point. and there's a lot riding on this, on advice yowly, that we can't see from here how we are going to get this deal by monday, what's going to be required is these guys are...
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does that sound right to you? >> no. in the first place, he has insisted on raising taxes, letting taxes go up, is what we're doing, for people above a certain income level. he does not control the house of representatives. part of this issue, you know, people forget, the american people are the ones who set this stage. they voted for one set of people in 2008, then they changed their minds. at least those who voted, and voted for a different set of people in 2010. we have an unusual constitution. in america you're governed by the results of the last three elections, not just the last election in most other democracies. that's why you have this deadlock. i do believe the 2012 election moved us in this direction. so no, i don't think the president's caved totally. he's made some reasonable compromises with reality. the point that he's inviting, hesitating, is just wholly inaccurate. he doesn't have to invite hostage taking. the notion that the president pounds his fists and makes things happen the way he wants, it's the a
does that sound right to you? >> no. in the first place, he has insisted on raising taxes, letting taxes go up, is what we're doing, for people above a certain income level. he does not control the house of representatives. part of this issue, you know, people forget, the american people are the ones who set this stage. they voted for one set of people in 2008, then they changed their minds. at least those who voted, and voted for a different set of people in 2010. we have an unusual...
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>> right. here's the thing. she was hailed by rolling stone as the most progressive ep achieve ever, but at the end of the day she was effectuating a radical agenda set by the president. this war on coal was set forth when he gave his shellacking press conference and said there were other ways to skin that cat. so you're going to get somebody who wants the job to effectuate his agenda and it won't be anybody much better, i suppose, but the good news may lie on what we find. there are 12,000 e-mails that by their very nature assuming the false identity that she didn't want the public to see and these on coal.00 e-mails addressing maybe there was news in there that was candid and because they're substantively with a tentative position with the war on coal. >> the reports that she may be considered to be the next president of princeton university. do you know anything about that? have you heard anything about that? can you possibly get that job? running a university now is about raising money. would sheeb able to d
>> right. here's the thing. she was hailed by rolling stone as the most progressive ep achieve ever, but at the end of the day she was effectuating a radical agenda set by the president. this war on coal was set forth when he gave his shellacking press conference and said there were other ways to skin that cat. so you're going to get somebody who wants the job to effectuate his agenda and it won't be anybody much better, i suppose, but the good news may lie on what we find. there are...
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>> obama has all of the power right now. the president had a meeting with congressional leaders and he knows at the end of the day what he wants that 250 threshold unemployment insurance extension, he's going to probably get it. he's going on "meet the press" first time he's going on in three years to put his foot on the republicans and senate republicans to say as this deadline approaches what will you do? will you prevent a small extension of tax rate increases. i'm offering you 250. are you going to take it or leave it. that's hard ball politics. that's what obama is doing now. he's not ceding power. he's letting them haggle over the threshold and he's ending this argument and this debate. >> all right, gentlemen. good discussion. great to have you both on. guys, stick around -- oh, they're coming back. that's right. they're part of the fiscal cliff power panel. >>> let's turn to the market sell-off. the dow going down 158 pointis and want you to see the after-market numbers and the futures, something called the futures c
>> obama has all of the power right now. the president had a meeting with congressional leaders and he knows at the end of the day what he wants that 250 threshold unemployment insurance extension, he's going to probably get it. he's going on "meet the press" first time he's going on in three years to put his foot on the republicans and senate republicans to say as this deadline approaches what will you do? will you prevent a small extension of tax rate increases. i'm offering...
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there's a reason why obama is leading this thing right now. he won the election. he now has the right, morally and politically to force his version of a deal upon people. we also have to consider the dynamics of congress. you know, boehner is going to be coming up to a speaker election january 3rd. all it will require is 17 republicans to overthrow him if they don't support him. that is a tiny number. you could argue this is inherently unstable. you could argue that maybe we're going to get it. some talk about bringing him an outside speaker like john huntsman. and i don't see that happening. but you get a sense of anything could happen in this system. >> and maybe it's a benefit. maybe in the long-term, but certainly right now there does seem to be a sense that it is a small group of people holding the rest of the process hostage. >> oh, yes. i'm trying to find something good to say about something. because the alternative is china, you know? i'd rather have a -- >> is that the case, though? is there not an alternative that you see and other examples as you look
there's a reason why obama is leading this thing right now. he won the election. he now has the right, morally and politically to force his version of a deal upon people. we also have to consider the dynamics of congress. you know, boehner is going to be coming up to a speaker election january 3rd. all it will require is 17 republicans to overthrow him if they don't support him. that is a tiny number. you could argue this is inherently unstable. you could argue that maybe we're going to get it....
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should seek a stronger dollar, arguing that other countries have no right to lecture japan on its own currency policy. >> and porsche zooms to the top of the european market as a new york court throws out a hedge fund lawsuit against the automaker. >>> now, it is one of the busiest times for the year for the travel industry, but have hotel rooms across the globe been full this holiday season? richard sullivan is with the continental hotel group and i asked him how much has the industry recovered since the financial crisis? >> post lehmans, it was bumpy and it was the deepest, longest downturn we've seen in the history of the industry. but we actually saw in certainly 10, 11 and 12 is some pretty good growth. what we did see, which was interesting, was leisure travel, even in '09 which is that terrible year. demand for leisure room nights went up in our business. and i think it just shows that travel is part of everybody's life today, whether it's for business and we know all about that or even in personal travel. somewhere in the mass low's hierarchy of needs, travel has gone up. >> w
should seek a stronger dollar, arguing that other countries have no right to lecture japan on its own currency policy. >> and porsche zooms to the top of the european market as a new york court throws out a hedge fund lawsuit against the automaker. >>> now, it is one of the busiest times for the year for the travel industry, but have hotel rooms across the globe been full this holiday season? richard sullivan is with the continental hotel group and i asked him how much has the...